Super Group, the parent company of Betway and Spin, has announced a new dividend program and declared its first cash dividend on ordinary shares, set at $0.10 per share. This strategic move comes after a strong start to 2024, reflecting the company’s robust financial health and commitment to delivering shareholder value.

Super Group Announces Dividend Program and First Cash Dividend

Dividend Program Details

The Board of Directors of Super Group has approved the initiation of a dividend program, with the first cash dividend of $0.10 per share payable on July 17, 2024. This decision underscores the company’s confidence in its financial stability and future growth prospects. Moreover, Super Group plans to maintain regular dividends of at least $0.10 per share annually, contingent upon Board approval and prevailing business conditions.

Beginning in the first quarter of 2025, Super Group intends to transition to quarterly dividend payments. These will be subject to the company’s financial performance and strategic considerations, ensuring a steady return for shareholders while maintaining the flexibility to invest in growth opportunities.

Financial Performance Highlights

Super Group’s announcement follows an impressive financial performance in the first quarter of 2024. The company reported a 12% year-on-year increase in revenue, reaching €379.3 million ($407.7 million). This growth was primarily driven by strong performance in the African and North American markets, particularly Canada, which offset declines in the Middle East and Asia-Pacific regions.

The online casino segment, spearheaded by Spin, played a crucial role in this success, recording a remarkable 20.2% increase in revenue compared to the same period last year. This growth highlights Super Group’s ability to capitalize on emerging market trends and deliver compelling gaming experiences to a global audience.

Profit and Customer Growth

Super Group’s profitability also saw a significant improvement. The company reported a profit of €41 million for the first quarter of 2024, a substantial turnaround from the €1.9 million loss recorded in the first quarter of 2023. Adjusted EBITDA increased by 29% to €46.5 million, reflecting enhanced operational efficiency and cost management.

In addition to financial gains, Super Group experienced a notable expansion in its user base. The number of monthly active customers rose from 3.5 million to 4.7 million, underscoring the growing popularity of Betway and Spin’s offerings and the effectiveness of the company’s customer acquisition and retention strategies.

Strategic Outlook

The introduction of the dividend program and the strong financial performance in early 2024 position Super Group for continued growth and success. By providing regular dividends, the company aims to attract and retain investors, reinforcing its commitment to delivering long-term shareholder value.

Super Group’s ability to adapt to market dynamics and leverage growth opportunities in key regions, coupled with its focus on enhancing user experiences, sets a positive trajectory for the future. As the company transitions to quarterly dividends in 2025, it remains well-positioned to navigate the evolving landscape of the global gaming industry and sustain its upward momentum.

Conclusion: The Declaration

Super Group’s declaration of its first cash dividend and the establishment of a dividend program mark significant milestones in the company’s journey. With a solid financial foundation, a growing user base, and a clear strategic vision, Super Group is poised to continue its trajectory of success, delivering value to shareholders and enriching the gaming experience for its customers worldwide.

By initiating regular dividend payments and demonstrating robust financial performance, Super Group reaffirms its commitment to growth, profitability, and shareholder returns. This strategic approach not only enhances investor confidence but also strengthens the company’s position in the competitive gaming market.

FAQs About Super Group’s Dividend Program and Financial Performance

1. What is Super Group’s new dividend program?

Super Group has initiated a new dividend program, with the first cash dividend set at $0.10 per share. This dividend will be payable on July 17, 2024. The company plans to continue paying regular dividends of at least $0.10 per share annually, subject to Board approval and business conditions.

2. When will the first dividend be paid?

The first cash dividend of $0.10 per share will be paid on July 17, 2024.

3. Will Super Group pay dividends regularly?

Yes, starting in the first quarter of 2025, Super Group intends to pay dividends quarterly, pending financial performance and strategic considerations.

4. How was Super Group’s financial performance in the first quarter of 2024?

Super Group reported a 12% increase in revenue year-on-year, reaching €379.3 million ($407.7 million) in the first quarter of 2024. The company also reported a profit of €41 million, an improvement from the €1.9 million loss recorded in the first quarter of 2023. Adjusted EBITDA rose by 29% to €46.5 million.

5. Which markets contributed to Super Group’s revenue growth?

Revenue growth was primarily driven by gains in the African and North American markets, particularly Canada. This offset declines in the Middle East and Asia-Pacific regions.

6. How did Super Group’s online casino segment perform?

The online casino segment, led by Spin, saw a 20.2% increase in revenue compared to the same period last year, contributing significantly to the company’s overall growth.

7. How has Super Group’s customer base changed?

The number of monthly active customers increased from 3.5 million to 4.7 million, indicating an expanding user base and growing popularity of Betway and Spin’s offerings.

8. Why is Super Group transitioning to quarterly dividends in 2025?

Super Group plans to transition to quarterly dividends to provide a steady return for shareholders while maintaining flexibility to invest in growth opportunities. This approach will be subject to the company’s financial performance and strategic considerations.

9. What is the significance of Super Group’s dividend program?

The dividend program reflects Super Group’s confidence in its financial stability and future growth prospects. It aims to attract and retain investors by delivering long-term shareholder value through regular dividend payments.

10. How does Super Group’s strategic outlook look for the future?

With strong financial performance, an expanding user base, and a clear strategic vision, Super Group is well-positioned for continued growth and success. The company’s focus on enhancing user experiences and adapting to market dynamics sets a positive trajectory for the future.

11. How does the dividend program affect investors?

By initiating regular dividend payments, Super Group aims to enhance investor confidence and attract long-term investment. The program underscores the company’s commitment to delivering consistent shareholder returns.